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| Millennium BCP | Espírito Santo | Banif | Portugues de Negocios | Santander Totta |
Portugal’s banking system is highly concentrated. The five largest banks are responsible for approximately 90 percent of the banking assets. The state-owned Caixa Geral de Depósitos is the biggest bank in the country. Portuguese banks are normally open from 8:30 am to 3:00 pm, Monday through Friday except for holidays.
Banco Best – A financial institution operating in the areas of banking, asset management and trading. The Bank's shareholders are Novo Banco with 75% of the share capital and Saxo Bank with 25% of the shares.
Banco Bic Português, S.A. was incorporated in January 2008 and currently has assets of over EUR 7 billion.
Banco Comercial Portugues (Millennium BCP) – The largest Portuguese private bank in terms of market share. As at March 31, 2017, it had total assets of EUR 72 billion and operated over 600 domestic branches. The Bank's market capitalization is EUR 4.5 billion (May 10, 2018).
Banco Credibom, S.A. – A member of the Crédit Agricole Group.
Banco de Portugal – The central bank of the Portuguese Republic. It was founded in November 1846 and is headquartered in Lisbon. It also has branch in Oporto, a number of agencies in mainland Portugal and two regional delegations.
BNP Paribas Portugal – One of the largest foreign banks in the country.
Banco Espírito Santo (BES) was the largest Portuguese bank by market capitalization and the second largest private-sector bank by assets and loans. BES operated in 25 countries and employed over 9,800 people. It was closed in 2014 and its healthy businesses were transferred to Novo Banco.
Banco Primus, S.A. – A wholly owned subsidiary of Crédit Foncier, the leading mortgage bank in France and a member of BPCE.
Banif Financial Group was a Portuguese international financial institution founded in 1988 following the take-over of Caixa Económica do Funchal. In 2015 Banif was acquired by Banco Santander Totta, the Portugal's second largest private bank after BCP Milenium.
Banco Nacional Ultramarino (BNU) ceased existence as an independent entity in Portugal following its merger with Caixa Geral de Depósitos in 2001. It continues operations under the Banco Nacional Ultramarino brand in the Chinese SAR of Macau.
Banco Português de Investimento (Banco BPI) – The fourth largest Portuguese private financial group with total assets of EUR 38.3 billion and customer loans of EUR 24.3 billion. BPI is primarily operates in Portugal, Spain, Angola and Mozambique.
Banco Português de Negócios (BPN) was Portuguese financial institution established in 1993. It was nationalized in conformance with the provisions of Law no. 62-A/2008, of 11 November 2008. BPN was sold to Banco BIC Portugues in 2012.
Banco Santander Totta – One of the leading banks in Portugal with around 6,300 employees and over 650 branches. It was named Best Bank in Portugal and Safest Bank in Portugal by Euromoney and Global Finance, respectively.
Barclays PLC, a British financial institution, provides corporate and investment banking services in Portugal.
BBVA Portugal was created in June 1991. It has EUR 5.3 billion in total assets and EUR 5 billion in customer credits.
Caixa Económica Montepio Geral (CEMG) – A savings bank held by Montepio Geral Associacao Mutualista (MGAM). The company was established in 1844 and is headquartered in Alfragide, Portugal.
Caixa Geral de Depósitos (CGD) is 100% state owned financial institution. It is the largest bank in Portugal with total assets of EUR 96 billion as of June 30, 2017.
Espírito Santo Financial Group (ESFG) was Portuguese financial services holding company with headquarters in Luxembourg. It had a leading position in the banking and insurance markets in Portugal. The company is in liquidation.
Novo Banco was established in August 2014 to rescue assets from the failed Banco Espirito Santo (BES), the country’s second largest lender.